UK carbon pricing after Brexit

Ember argues that the UK's priority should be to remain within the EU Emissions Trading System (EU ETS) to maintain a shared Europe-wide approach to carbon pricing. The organization warns against the creation of a standalone UK ETS due to risks of market dysfunction and volatility, suggesting that if the UK must leave the EU ETS, it should implement a carbon tax on power, industry, and aviation with a price floor based on the previous year's average EU ETS price. Furthermore, Ember asserts that carbon pricing must be complemented by direct regulation and public funding to achieve net zero emissions.

• The UK should prioritize remaining in the EU Emissions Trading System (EU ETS) and advocate for an EU-wide auction reserve price to mitigate market volatility.
• Ember opposes the establishment of a standalone UK ETS, citing risks of high volatility, speculation, and the potential for weak green investment.
• If the UK is forced to leave the EU ETS, it should implement a carbon tax for the aviation, industry, and power sectors, with a floor price tied to the average EU ETS price of the prior year.

APA

Ember (2019). UK carbon pricing after Brexit. https://ember-energy.org/latest-insights/uk-carbon-pricing-after-brexit

Chicago

Ember. UK carbon pricing after Brexit. 2019. https://ember-energy.org/latest-insights/uk-carbon-pricing-after-brexit.

Wikipedia

{{cite press release |author=Ember |title=UK carbon pricing after Brexit |date=21 July 2019 |url=https://ember-energy.org/latest-insights/uk-carbon-pricing-after-brexit |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{ember2019carbon, author = {{Ember}}, title = {{UK carbon pricing after Brexit}}, publisher = {Ember}, year = {2019}, month = jul, url = {https://ember-energy.org/latest-insights/uk-carbon-pricing-after-brexit}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }